Global stocks: S&P 500, Nasdaq drop on recession fears; gold hits record 1-year high
US stocks fell on Wednesday as latest weak economic data fanned fears of a recession. The S&P 500 slid 0.25% at 4,090.20. The Nasdaq Composite lost 1.07% at 11,996.86. The Dow Jones Industrial Average gained 0.24% at 33,483.67. A report by ADP National Employment released on Wednesday showed that USRead More →